Take Stock – August 7

Finance Minister Jim Flaherty and Bank of Canada governor Mark Carney plan to compare notes with their Chinese counterparts on the global financial crisis when they arrive in China this weekend.

Flaherty, Carney to talk economic stimulus in China

Finance Minister Jim Flaherty and Bank of Canada governor Mark Carney plan to compare notes with their Chinese counterparts on the global financial crisis when they arrive in China this weekend. A senior Finance Department official says the one-week trip will focus on the world economy and how government stimulus spending has fared. There’s also to be talk of how Canada and China’s banking, securities and insurance industries are regulated. Flaherty will meet China’s finance minister, Xie Xuren, and Lou Jiwei, chairman of China Investment Corp. Carney will meet Zhou Xiaochuan, chief of China’s central bank. Flaherty and Carney will be accompanied by Julie Dickson, the Superintendent of Financial Institutions, as well as other key government officials and financial executives.

Canadian natural resources reports Q2 profits at $162M

Canadian Natural Resources Ltd. (TSX:CNQ) said Thursday it recorded a profit during the second quarter of 2009, reversing year-earlier results, despite lower commodity prices and a drop in natural gas sales. The Calgary-based oil and gas company reported net earnings of $162 million or 30 cents per share for the quarter ended June 30. In the corresponding quarter of 2008, Canadian Natural Resources booked a net loss of $347 million or 65 cents per share due largely to $1.3 billion in expenses recorded during the period. Expenses for the most recent quarter totalled $475 million due to foreign exchange fluctuations and risk management activities.

Excluding one-time items, the company reported earnings from operations of $637 million or $1.18 per share, down from year-earlier levels of $960 million or $1.78 per share.

Quarterly revenue fell sharply to $2.8 billion from $5.1 billion recorded a year ago.

Just Posted

Blood donations needed in Central Alberta: Canadian Blood Services

357 donors are needed before Aug. 26 at the Red Deer clinic

Photos: Smoky conditions in Red Deer

Red Deer and area is experiencing high risk air quality.See related: Red… Continue reading

PHOTO: Rainbow Block Party at Red Deer’s West Park

The Trans and Non-Binary Aid Society hosted a Rainbow Block Party at… Continue reading

WATCH: Red Deer man shaves beard for Mustard Seed

‘I have spent 30 years of my life being addicted to both alcohol and drugs’

US newspapers to Trump: We’re not enemies of the people

NEW YORK — Newspapers from Maine to Hawaii pushed back against President… Continue reading

Liberal MP Iqra Khalid accused of giving award to purveyor of anti-Semitism

OTTAWA — A Liberal MP is under fire for presenting a ”certificate… Continue reading

Ottawa intervenes to get 13-year-old ball player to Little League World Series

OTTAWA — Thirteen-year-old Dio Gama will get to play baseball in the… Continue reading

Esther, celebrity ‘wonder pig,’ diagnosed with cancer after CT scan

GUELPH, Ont. — A celebrity pig whose owners raised more than half… Continue reading

Feds preparing response in case Trump follows through on auto tariff threat

OTTAWA — With threats of devastating U.S. tariffs hanging over the auto… Continue reading

Committee to decide how millions in Humboldt Broncos donations are split

SASKATOON — Lawyers for the families of some of those who died… Continue reading

Boy, 11, dies after being struck by payloader on southern Alberta ranch

BOW ISLAND, Alta. — A boy has died after an accident on… Continue reading

Liberals look at creating federal holiday to mark legacy of residential schools

OTTAWA — The federal Liberal government wants to establish a holiday to… Continue reading

Most Read

Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month